NewSpring Capital&nbsp;said May 11 that its latest growth fund closed at $280 million. Investors of NewSpring Growth Capital IV LP include family offices, insurance companies, public pension plans, fund of funds, financial institutions, and university endowments.&nbsp;The fund will invest in growth-stage businesses in the information technology, enabling technology, and business services sectors, with an emphasis on the Mid-Atlantic region. NewSpring also said that&nbsp;Prashanth (PV) Boccasam&nbsp;joined the firm as an operating partner dedicated to the growth strategy.